SB3217

SB3217 amends the Property Tax Code to adjust the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption.

SB3217 amends the Property Tax Code to modify the low-income senior citizens assessment freeze homestead exemption. Beginning in taxable year 2026, the maximum income limitation for this exemption will increase annually by the percentage increase in the Consumer Price Index. This change aims to ensure that the income threshold for eligibility keeps pace with inflation, thereby maintaining the program's effectiveness in providing property tax relief to low-income senior citizens.